Tag Archives: diversification

Should the USPS re-launch a postal bank?

The United States Postal Service is currently facing a very tough financial situation. Losses are piling on and could reach $14.1 billion for fiscal year 2012. Drastic decisions must therefore be made to ensure the viability of the Post. Most of the focus is currently placed on slashing costs, by closing post offices, reducing the workforce (155,000 […]

A well kept secret: posts in financial inclusion

By Marie-Odile Pilley The essential role of posts in financial inclusion remains a well-kept secret. Did you know that China Post Savings Bank on its own holds 30% of the accounts in China ? With deposits amounting to €2.700bn, the Japanese Post Bank remains the largest financial institution in the world.  Japan Post Insurance manages […]

Post or PostFinance: Google tells it

Swiss Post has just revealed that PostFinance, its financial services division, has increased its profit by 37% to CHF 274m during the first six months of 2010. The number of depositors and accounts is steadily increasing even after the pick of the financial crisis and now reaches almost 4 million accounts in a country of little more than […]

Financial Inclusion and Postal Banking: New Research Paper

Out of 1.5 billion users of postal financial services in the world, only 400 millions are holders of a postal (bank) account, 300 millions of which located in developing or emerging countries. As of today, more than 2 billion adults remain un-banked, mostly in developing and emerging countries, although under-banked citizens are also a concern […]